lightsource bp annual report lightsource bp annual report

Lightsource BP's initial goal was to use the oil giant's financial muscle to grow a 1.6 gigawatt pipeline of solar projects to a portfolio of 10GW of solar investments by 2023. This is exactly the type of energy we want to develop and deliver as we continue to build out our renewable pipeline and ultimately strengthen confidence in our target of delivering 20GW of developed renewables by 2025.. The BP partnership has definitely given our whole team confidence, Brooks says. We continue to grow teams, partnerships and projects throughout the world. (Loading), USD ANNUAL REPORT AND FINANCIAL STATEMENTS 2019. Solar business Lightsource bp is to partner with Portugal's Dourogas on a number of projects centered around green hydrogen production. Were proud to announce that over the past three months weve secured planning permission for a total of over 100MW of solar and storage projects in the UK. The ability to bring base load is something that a trading operation like BPs can deliver, Lightsource BP chief operating officer and co-founder Kareen Boutonnat said. BPs shares linger near 25-year lows after it halved its dividend in August. As the first person on the ground when entering a new territory, he has found that, over the past year, the BP name has opened a lot of doors. It is a key element in BP CEO Bernard Looneys plan to grow BPs renewable power generation capacity 20-fold by 2030 to 50 GW from solar and wind power. LONDON, Oct 22 (Reuters) - Solar power developer Lightsource BP has generated returns of 10% and more on projects, its chief executive told Reuters as investors fret over joint owner BPs plan to switch away from oil and gas to renewables. What the two companies have in common is a shared ambition to accelerate the global low carbon transition. TEMPE, Ariz., Nov. 22, 2021 (GLOBE NEWSWIRE) -- First Solar, Inc. (Nasdaq: FSLR) today announced that global solar leader Lightsource bp and integrated energy company bp have placed multi-year orders for up to 5.4 gigawatts (GW) combined of First Solars advanced, ultra-low carbon thin film photovoltaic (PV) solar modules. We are growing at pace and scale, going beyond business as usual, to act as an enabler of the energy transition and meet this rising demand for sustainable energy with the urgency it deserves. Lightsource bp announces the appointment of Miguel Fernandez Hortelano as Group Head of Risk and Energy Markets. Our approach has always been to attract, select and retain the right person for each position, regardless of gender, sexuality, personal beliefs, identity and ethnicity. Today, its average development can produce more than 70MW - with the largest in development in Australia at more than 500MW. Please refer to the Cautionary statement on page 364 of the full bp Annual Report and Form 20-F 2021 for further information on forward-looking statements. Lightsource bp Renewable Energy Semiconductor Manufacturing . I started in this business six years ago, when we were just finding our feet in the UK and a few hundred megawatts seemed a big ambition. Construction on this project commenced in December 2019. Our team includes over 500 industry specialists, working across 15 countries. April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. We power businesses and communities across the US with clean and affordable energy solutions. Lightsource bp and bp will benefit from the evolution of First Solars advanced Cadmium Telluride (CadTel) thin film module technology platform over the span of the agreement. If you are passionate about accelerating the energy transition, and looking to join a global collaboration of team members focused on delivering sustainable power, visit our careers page to find out more about working at Lightsource bp. We use cookies to collect and analyse information on our site's performance and to enable the site to function. This landmark solar industry procurement deal is a testimony to Lightsource bps exponential growth in the United States, and our confidence in First Solars technology, said Kevin Smith, chief executive officer, Americas, Lightsource bp. solar projects developed worldwide to date, US solar projects in construction or operations, USD project financing raised in the US since 2019, Executed US power contracts with clients in 11 states. Nick Boyle, the Lightsource BP chief executive, said that his business already sees returns targeted by BP. BP are able to deliver more than just solar. the Role of Oil and Gas, Sustainability Report 2020 Sustainability at Bp 2020 at a Glance Our Foundations Our Focus Areas Embedding Sustainability External Collaborations Our Reporting, Parent Company Financial Statements of BP P.L.C, DID YOU KNOW? DocuSign Envelope ID: A3060411-4035-4A47-88F1-5E2F2BB0AEEC. The material on the bp Annual Report webpage (the Material) relates to the year ended 31 December 2021 and is provided for general information only. As a business, we also care deeply about our culture and values, invest in our teams, and place people and communities at the heart of the decisions we make. All rights reserved. Lightsource BP will continue to publish an annual Gender Pay Gap Report, despite falling below the threshold of businesses required to do so, as evidence of our dedication to fair pay and transparency. Lightsource bp and AEP Energy Partners Sign Power Contract for 188 Megawatt Solar Farm in Indiana. We have always been driven, and our partnership with BP is a great enabler. You can choose to allow all cookies by clicking Allow all or manage them individually by clicking Manage cookie preferences, where you will also find more information. GBp I joined when it was just six people huddled around two laptops, and from that first moment the ethos was clear, Lightsource bp, a global leader in the development and management of solar energy projects, today announced the sale of five utility scale solar photovoltaic (PV). Delivered by Investis. With smaller pockets, comes a different approach. Lightsource bp Renewable Energy Investments Limited. As a leading global solar developer and bp partner, we are rapidly scaling-up to help meet the rising demand for reliable electricity, while supporting the global energy transition to net zero. We work with businesses and communities around the world to deliver low-carbon solar energy projects. See here for a complete list of exchanges and delays. Today, we are recognized as aglobal solar leader, says its chief strategy officer, James Brooks. Our growth has been in maturing the organization and getting into a strong operating position for next year. Developed at R&D labs in California and Ohio, the companys advanced thin film photovoltaic (PV) modules represent the next generation of solar technologies, providing a competitive, high-performance, lower-carbon alternative to conventional crystalline silicon PV panels. The parent company financial statements of BP p.l.c. bp is Americas largest energy investor since 2005, investing more than $130 billion in the economy and supporting about 230,000 additional jobs through its business activities. February:a deal to build, own and operate the largest solar facility in Kansas, US, for the Mid Kansas Electric Company is signed. These provide the basis for a common set of enduring objectives for bp as we transform the organization consistent with the long-term energy transition. But many BP investors have cast doubts over BPs vow that the renewables business could generate returns of 8% to 10%, higher than the sectors average of 5% to 6% in order to maintain and even grow shareholder payouts. You could see more consolidation in the renewables industry through mergers and acquisitions., 28 Lightsource bp is a global leader in utility-scale solar development and management. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. Contact info@lightsourcebp.com SOCIAL RESOURCES We use some essential cookies to make our services work. LIGHTSOURCE BP RENEWABLE ENERGY INVESTMENTS LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity Lightsource bp offers comprehensive third-party O&M services, covering all aspects of solar operations and maintenance. Brazil is a massive market with huge potential. COLUMBUS, Ohio-- ( BUSINESS WIRE )--Lightsource bp has executed a power purchase agreement with Amazon for a new 375 megawatt (MWdc) solar project under development in Ohio, as part of Amazon's. When it joined RE100 in 2020, First Solar committed to powering 100 percent of its global manufacturing operations with renewable energy by 2028, with an interim goal of transitioning its facilities in the US to carbon-free electricity by 2026. Lightsource bp and bp have signed a multi-year agreement for up to 5.4 gigawatts of First Solar modules to be delivered between 2023 and 2025 (Photo: Lightsource bp) Order includes up to 4.3GW for . A year ago, Lightsource was the established solar leader in Europe. In March 2016, Lightsource Renewable Energy successfully completed and connected Europes largest floating solar farm, installing 6.3MW on the Queen Elizabeth II Reservoir, near London. To obtain a hard printed copy of bps complete audited financial statements, free of charge, UK based investors should contact bp distribution services by clicking the link above or calling +44 (0)870 241 3269 or by emailing bpdistributionservices@bp.com. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. First Solar, Inc. (NASDAQ: FSLR) today announced that global solar leader, Lightsource bp has placed an order for 4 gigawatts (GW)DC of advanced thin film solar modules. December 2022 marks five years since bp and Lightsource entered into a partnership to become Lightsource bp a 50:50 joint venture between the companies. Solar Power Europe released the entries for its Solar Flora and Fauna photo competition. About bp November:Lightsource BP wins Snowy Hydro contract to supply 105MWp of solar power in Australia. All rights reserved. Despite this years impressive results, were not complacent well continue working hard to make sure that equality and fairness is at the heart of our company policies and practices. You can change your cookie settings at any time. This website uses cookies so that we can provide you with the best user experience possible. Lightsource bp, a 50:50 joint venture with bp, unveiled the solar project that will help reduce emissions and support more than 1,000 jobs at EVRAZ's Pueblo steel mill - the world's first steel mill to be powered largely by solar energy. The Directors remuneration report is on pages 116-141. The full details of our Gender Pay Gap Report 2018can be found here. We are using cookies to give you the best experience on our website. Investors are looking at BPs transition and thinking that its ambitious but value destroying, one top 10 investor said, speaking on condition of anonymity. In a statement Thursday, Lightsource bp which oil. Estimated to abate 204,000 metric tons of carbon dioxide (CO2) emissions each year, equivalent to annual emissions from about 44,000 fuel burning cars. Procurement agreement with US-based manufacturer. Lightsource bp and AEP Energy Partners sign power contract for 188 megawatt solar farm in Indiana The project will be the largest solar project in the state and will help McDonald's and eBay meet their sustainability goals and advance their commitment to climate action. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. We are using cookies to give you the best experience on our website. Our team includes over 500 industry specialists, working across 15 countries. You should not place undue reliance on these forward-looking statements. We are using cookies to give you the best experience on our website. for the year ended 31 December 2021. which is equivalent to the annual demand of approximately 36,000 New Zealand homes. 2005 BP Alternative Energy Is Launched, from the Deep Sea to the Desert, from Rigs to Retail, Charging Company, Energy with Purpose Means Helping the World Reach Net Zero, BP Plc Group Results Second Quarter and Half Year 2020(A), Exxon Mobil Corp., Exxonmobil Oil Index No, The Forces Maintaining Fossil Fuel Dependence in the Age of Electric, Financial Institutions with a Full Business Law Service, BP P.L.C. The company was incorporated in 1909 in England and Wales and changed its name to BP p.l.c. For more information on bp in the US, visit www.bp.com/us. You can find out more about which cookies we are using or switch them off in settings. bps finances are strong and resilient. But it is, perhaps, the end of the beginning., Were getting mission ready for our next big steps, he says. 2.2 MB. Our purpose is to deliver affordable and sustainable solar. BP will invest $200 million in Lightsource over three years for a 43% stake in the business. You must click the activation link in order to complete your subscription. Privately-owned Lightsource BP, which develops solar projects from their earliest stages, reported a turnover of 55.3 million pounds ($72.2 million) last year, compared with 40.7 million pounds a year earlier, according to the companys annual report filed this week. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to differ materially from those expressed or implied by these statements. Delivered by Investis. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. As we continue to grow and progress our 10GW development pipeline across America, in addition to our partner bps 9GWs, executing significant long-term procurement agreements with bankable, world class suppliers like First Solar enables us to deliver on our growth plans and industry-leading global target of 25GW of solar by 2025. Lightsource bp has obtained environmental permits for 19 solar projects, creating over 5000 jobs and avoiding 900,000 tons of CO2. Our success is built on more than just our solar projects. BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. Lightsource BP will continue to publish an annual Gender Pay Gap Report, despite falling below the threshold of businesses required to do so, as evidence of our dedication to fair pay and transparency. These forward-looking statements include, but are not limited to, statements concerning (i) the framework agreement to supply up to 5.4 gigawatts (GW)DC of solar modules to bp and Lightsource bp, (ii) an MoU with bp and Lightsource bp to explore opportunities to source solar electricity from generation assets owned by the two companies in the United States, (iii) First Solars plans to establish new factories in the United States and India and the expected capacities of those factories, and (iv) when those factories will commence operations and the companys resulting global manufacturing footprint. And this week, Lightsource BP announces its presence in Brazil, meaning the business is now active in 10 countries up from just five only a year ago. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. In February 2019, Penn State and Lightsource bp announced that theyd signed a 25-year contract for clean, renewable electricity to power the university. Lightsource bp has built or financially closed on more than 900 MW of solar this year and plans on 1,000 MW in 2021. We undertake no obligation to update any of these forward-looking statements for any reason, whether as a result of new information, future developments or otherwise. Looking ahead to 2019, Souflis and Brooks are set to continue assessing opportunities together in multiple countries where Lightsource BP has no presence, at the moment, but where solar makes sense and where the BP name provides a strategic advantage. It sees further profit opportunities from BPs large power trading business, which can offer customers power from various sources such as solar, wind or natural gas. Lightsource bp Renewable Energy Investments Limited. Report this post Report Report. This project consists of a 200MWdc solar farm at Goolma Road, Wuuluman. To obtain a hard printed copy of BP's complete audited financial statements, free of charge, UK based investors should contact bp Distribution Services by clicking the link above or calling +44 (0)870 241 3269 or by emailing bpdistributionservices@bp.com. The modules, scheduled. Cookies also allow us and our partners to show you relevant ads when you visit our site and other 3rd party websites, including social networks. Lightsource is Europe's largest solar development company, focused on the acquisition, development and long-term management of large-scale solar projects. Find a career where youre valued, recognised as an individual, and working alongside people with a passion for a sustainable future. For more information, please visit www.firstsolar.com. In 2021, we took significant steps towards our aim to grow our EV charge points to more than 100,000 globally by 2030. High-grading our portfolio, lowering our emissions and driving returns. GBp It is not even the beginning of the end. Will stimulate local economy by bringing an estimated $30 million in new revenue to the . are on pages 282-336. When BP announced its stake in Lightsource in late-December 2017, committing $200 million over three years, Brooks was just a year into his role. Since 2010, we've provided sustainable and affordable energy to businesses and communities throughout the UK. For First Solar Investors For more information please visit www.lightsourcebp.com. pdf / Our most recent Annual Report and Form 20-F is available on our website at www.bp.com, or can be obtained from the SEC by calling 1-800-SEC-0330 or on its website at www.sec.gov SOURCE BP PLC . As part of the deal, Lightsource bp and bp have placed firm orders for approximately 4.4GWDC of modules, with options for an additional 1GWDC. We power businesses and communities across the US with clean and affordable energy solutions. Post Online Media. Annual report Performing while transforming Annual Report and Form 20-F 2021 pdf / 8.3 MB Strategy Business model Remuneration Key downloads Throughout the transition, our goal will be to maintain the high performance and steady progress we have shown since our transformation journey began in 2020. Lightsource bp Renewable Energy Investments Limited. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. Its recent list of new deals includes plans to leverage its expertise in developing innovative power purchase agreements (PPAs) in Iberia, for example.